Ningbo Zhoushan Port Co., Ltd. released its Q1 2024 report on April 27th. The company achieved a revenue of 6.914 billion yuan in the first quarter, a year-on-year increase of 18.72%; The net profit attributable to the parent company was 1.123 billion yuan, a year-on-year increase of 13.04%, and the net revenue achieved double growth. The previously disclosed major production data advisory announcement showed that Ningbo Zhoushan Port Co., Ltd. completed a container throughput of 10.9 million TEUs in the first quarter, a year-on-year increase of 10.2%; The completed cargo throughput was 279.81 million tons, a year-on-year increase of 4.3%.

Currently, with the marginal recovery of market demand, the integration of domestic port resources is accelerating, and port enterprises are continuously promoting industrial upgrading and innovative development. The port industry is expected to usher in a new round of high-quality development. According to data from the National Bureau of Statistics, China's total import and export of goods in the first quarter of this year was 10169.3 billion yuan, a year-on-year increase of 5.0%; Among them, exports amounted to 5737.8 billion yuan, a year-on-year increase of 4.9%; Imports amounted to 4431.5 billion yuan, a year-on-year increase of 5.0%; Import and export offset each other, with a trade surplus of 1306.3 billion yuan.

Various signs indicate that the national economy is further recovering and improving. From the perspective of opportunities, the domestic economy has strong resilience, prominent advantages in manufacturing integration and supporting capabilities, accelerated cultivation of emerging industries, and the combination of macro incremental measures and stock policies. Positive factors continue to accumulate, effectively supporting economic development. China's port throughput is expected to continue to show a stable growth trend.

2024 marks the 75th anniversary of the founding of the People's Republic of China, a crucial year for achieving the goals and tasks of the 14th Five Year Plan, and a year for deepening the construction of Ningbo Zhoushan Port into a world-class strong port and a world-class enterprise. Since the beginning of this year, Ningbo Zhoushan Port Co., Ltd. has taken the lead in responding to the strategic goal of Zhejiang Province to accelerate the construction of a world-class strong port and a strong transportation province, and has successfully achieved a "good start" in terms of performance and business volume improvement.

It is worth mentioning that during the reporting period, the intelligent shore power system of the work ship located at the Beilun Port Area of Ningbo Zhoushan Port achieved full power operation for the first time, charging 1600 kilowatt hours of electricity to the battery pack of the first oil electric hybrid tugboat "Yonggang Tuo 80" in China. This means that the first intelligent shore power system for work vessels under Ningbo Zhoushan Port Co., Ltd. has been officially put into use, helping to build world-class strong ports with green intelligence.